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FASB issues new guidance on share-based payments

Companies now have new accounting guidance to follow when accounting for share-based payments to nonemployees.

The Financial Accounting Standards board issued an Accounting Standards Update that tells companies when they are paying non-employees for goods and services in shares, or stock, they should essentially follow the same guidance that’s been in place for several years for similar payments to employees.

ASU 2018-07 revises the accounting for stock compensation in a way that is intended to make it easier and less costly for companies to comply, FASB said. Historic guidance on accounting for share-based payments to non-employees is “...

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